034 Deducting Insurance Premiums for Individuals, Partnerships, and S-Corporations
In episode 34, I discuss:
Briefly discuss the Defense of Marriage Act Supreme Court Decision
Walking away from a rental home mortgage results in a tax gain
You don’t need to property to be able to deduct a capital loss
Temporary Tax on Health Insurance is deductible as a business expense.
The North Carolina House and Senate are still taking tax returns.
DC”s combined reporting bill
Nevada’s 2% margin tax 2014 initiative
Main Tax Topic:
Where on the tax forms is health insurance deducted for individuals, partnerships, and S-Corporations?
What are the rules for deducting health insurance for individuals, partnerships, and S-Corporations?
Can Medicare premiums like insurance premiums be deducted for individuals, partnerships, and S-Corporations?
For more information, the Internal Revenue 2012 Publication 535 can be found here at
Have a tax question about the health insurance deduction or another tax issue, send an email to firstname.lastname@example.org.
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NewsletterQ&A coming soon.
Tax TipsThe Additional Child Tax Credit is available on dependents under the age of 17.
- CIRCULAR 230 DISCLOSURE "We are required by IRS Circular 230 to inform you that the advice contained herein (including all attachments) was not intended or written to be used for the purpose of avoiding any penalties that may be imposed under Federal tax law and cannot be used by you or any other taxpayer for the purpose of avoiding such penalties."
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